COO

Ensure that the business is conducted in good faith, and in accordance with good business practices, business conduct rules and prudential rules as set forth in applicable legislation and in the regulation

Make sure that all Company Staff comply with its policies, procedures and applicable regulation, and the business code of conduct and ethics for Electronic Money Institutions.

Supervise, monitor and assess the operational performance of each department.

Analyse market trends both from an operational and promotional perspective as well as from a risk management perspective.

Evaluate the effect an introduction of any potential new services or activities may have on the Company’s Operations and its risk management, and present such findings/analysis to the Management team

Review and examine the capital adequacy and any Company exposures

Draft at least annually, written reports to the Board

Making recommendations and indicating in particular whether the appropriate remedial measures have been taken in the event of any deficiencies, or need to be taken. These Reports shall be presented to the Board and discussed during at least one of its meetings annually.

Monitor and resolve and issues that may arise during the normal course of business operations.

Ensure that the Company has instituted a policy that ensures that all persons involved in the provision of services are aware of the particular features of each service and the risk inherent in the provision of the services in respect thereof.

Review and approve the various counterparties.

Approve policy description concerning information systems and monitor the information systems in place.

Appoint the responsible users for the provision of access rights to the various databases.